Eco Week Ahead
US Inflation Data May Offer Some Comfort to the Fed
- China may post first consumer-price drop in two years
- UK data will probably show economy stalled in second quarter
The consumer price index is projected to rise 0.2% in July for a second month after excluding food and energy costs.
Photographer: David Paul Morris/BloombergThis article is for subscribers only.
A closely watched measure of US inflation will probably illustrate more of the moderate price growth that the Federal Reserve wants to see sustained.
The consumer price index is projected to rise 0.2% in July for a second month after excluding food and energy costs, marking the smallest back-to-back gains in 2 1/2 years. Economists and Fed officials view this core measure as a better indicator of underlying inflation.